bearish
US Dollar: Trend Reversal or Start of Bull Run
SUMMARY
- U.S. interest rates have been climbing since early January 2024 after reaching their lowest points between December 27th and January 11th.
- For example, the yield on 2-year Treasury bonds has increased by 52 basis points (bps), and the yield on 10-year bonds has risen by 49 bps since their respective lows.
- Similarly, the Dollar Index (DXY), which measures the value of the U.S. dollar against a basket of other currencies, experienced its weakest point on December 28th, 2023.
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